The Alpha Epsilon Chapter of Alpha Kappa Psi Building Corporation

“There is one class of membership, active full-voting members are the members that pay all their membership duesin full during the semester. These members have the authority to elect the governing body and also approvesignificant decisions made by the governing body. Examples of these significant decisions could include theapproval of assessments and approval of raising dues in a given year.”

“Premature vacancies on the board of directors may be filled by the remaining directors.such directors will serve the next annual meeting, at which time a director shall be elected by the members for theunexpired portion of such term. Directors shall not fill a vacancy with a member who has served on the board of directors during the preceding twelve (12) months.”

“The active full-voting members have the right to ratify significant decisions made by the board members. Examplesof these significant decisions could include the approval of assessments and approval of raising dues in a given year.”

“The fraternity does not have any other committees with the authority to act on behalf of the governing body.”

“After the form 990 is prepared, the form is first reviewed by the vp of finance and is subsequently reviewed by the chapter president. Once the form has been examined, including accompanying schedules and statements and is deemed to the best of knowledge and belief to be true, correct and complete, the chapter president presents the form to the board of directors and executive committee at the next meeting. Each committee member has an opportunity to review the form and has a reasonable period of time to bring forward any questions or potential revisions. Upon approval, the chapter board of directors president signs the form for filing.”

“The fraternity monitors and enforces its conflict of interest policy annually.”

“Documents are available upon request and can be reviewed at the fraternity house.”

“THE LINE OF CREDIT WAS RENEWED DURING THE PERIOD AND AS A RESULT $10,839 was paid down on the principal.”

“All other expenses incurred relate to the mission and ongoing function of the organization. A detailed listing of the other expenses can be reviewed upon request at the fraternity house.”